Game box says 400 counters, rules say 480. I have 470, and I have everything specifically listed on charts, but this game is not well organized. Examples:

There are counters that start in Alexandia, but they are not listed, it's just whatever Allies are left over after setup (remember to also keep out the Campaign Game optional units). I had five leftover, but since they are not listed, I can't tell if that's all of them.

There is no list of counters that are only used for Campaign Game options -- you have to dig them out of the chart.

There are extra counters that are not explained -- six 2-3 Stuka counters.